Qualcomm and China-based LT Mobile sign CDMA subscriber unit licensing agreement

Qualcomm and LT Mobile Communication have entered into a CDMA subscriber unit licensing agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted LT Mobile a worldwide patent license to develop, manufacture and sell subscriber units implementing the CDMA 2000 standard. The royalties payable by LT Mobile are at Qualcomm's standard worldwide rates.

LT Mobile specializes in the manufacture and marketing of CDMA, GSM, PHS and dual-mode handsets. It is one of the manufacturing companies that has obtained licenses issued by the National Development and Reform Commission of China to produce both GSM/GPRS and CDMA handsets. There are approximately 260 engineers in its Shenzhen and Nanjing R&D centers capable of conducting R&D throughout the development process starting from mobile chipsets, according to the company.